S&P 500Short
[SPX] Channel of (IN)VALIDATION
We got a lot of tightly packed EMA support right along SMA 55.
This could be a great launching pad or rapid quicksand to SMA 144, which provided great support for this recent upwave bounce.
It's still too early to invalidate a 1M structure but a close above this range would likely seal it.
Doesn't seem likely we'll break out the right side of the box.
This could be a great launching pad or rapid quicksand to SMA 144, which provided great support for this recent upwave bounce.
It's still too early to invalidate a 1M structure but a close above this range would likely seal it.
Doesn't seem likely we'll break out the right side of the box.
Data analyst with a passion for best fit lines B)
Data analyst with a passion for best fit lines B)
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